Barring a rapid deterioration in the labor market or a significant cooling of inflation, the Federal Reserve appears poised for an extended hold.
Officials at the Federal Reserve signaled no rush to restart interest rate cuts after pausing reductions last month, according to minutes from January’s meeting. In fact, several policymakers even went so far as to raise the possibility of rate increases if inflation stayed stubbornly high.
The record of the latest gathering, released on Wednesday, underscored the sharp divisions that have plagued the central bank as it contends with a mixed economic picture after a series of rate reductions last year.
